Chris Kline

They surveyed a bunch of folks and asked, how much do you think you need to comfortably retire?

And this was four or five years ago.

It was half a million bucks.

They just surveyed the same folks this year or last year.

It jumped to one point eight million.

And that's because.

of how expensive things are getting.

This is, I think, a common misnomer for most folks is they think inflation is like a reset button every year, but it's actually cumulative.

My favorite comparison is there was a meme on X where I was like, I'm on a weight loss program.

I gained five pounds a year ago.

I gained 10 pounds a year before that, 11 pounds a year before that.

But this year, I lost four pounds.

So why am I still fat?

Well, because it's cumulative, right?

You can't actually...

just have one good year of losing inflation and it doesn't erase the rest of it.

So prices are rising exponentially.

We're printing more money than we ever have before.

So at the same time where you're paying more today, if you put even just $100,000 in the savings account and just let it sit there, the yield you're getting is not keeping up with inflation itself.

So you're kind of getting this double whammy effect.